Ok, Manch, beat me to posting that recent Oakland story.
Some of us own investment properties there and we have been hoping for a long time for Oakland to finally turn around. Oakland has had poor leadership in the past which certainly hasn't helped. When Jerry Brown was Mayor we got a glimmer of hope as he campaigned and pushed for more residents in downtown Oakland. Then we fell back unfortunately, with the pathetic Ron Dellums and Jean Quan. The current mayor seems decent enough. Lets' be honest though, the bar is pretty low so she should be able to do ok.
What is undeniable is that Oakland has geography going for it. Come on, it is right across the bay from SF. With BART costs going up and highways being clogged up, Oakland is an ideal spot. Just like Brooklyn, Oakland should get run-off from SF as people leave for cheaper rents and housing. Weather in Oakland is fairly ideal. I recall surveys done in the past that had Oakland as tops in weather. The top issues of course are crime and schools. Too much crime and the school systems are not up to snuff. If Oakland can fix both, Oakland can really be something. With professionals moving in to Oakland, the seeds are being planted but it is going to take some time to bear fruit.